11 Nursery Parade, Luton, LU3 2QP

Summary

The subject property was previously occupied by NatWest Bank and still benefits from the large walk in safe/strong room. Internally there is a suspended ceiling, air conditioning, solid floor, kitchenette, WC and rear pedestrian access. Above the former bank is a self contained and two story office which lends itself to residential conversion.

Key Points

VAT

We are verbally advised VAT is not applicable.

Fees

Each party is to bear its own professional fees incurred.

Business Rates

The Business Rates from April 2026 is £22,500 (please note this is not rates payable).

Location

Marsh Road forms one of Luton's principle commercial/retail districts outside of the town centre. The subject property occupies a mid-terrace and pavement-lined position at Nursery Parade, which forms one of the main retail parades along Marsh Road. There are a range of local, regional and national businesses within proximity including: McDonalds, Lidl, Subway, Connells, Taylors, Co-Op Funeral Care, Papa Johns, Pizza Hut, Iceland, Bet Fred, Poundstretcher, Coral, William Hill, Greggs, Sue Ryder, Keech, etc.

Terms

TO LET: The ground floor former bank is available by way of a new effective full repairing & insuring lease at a commencing rent of £32,500 per annum exclusive. The upper floors may be available to lease by way of separate negotiation.

FOR SALE: The freehold interest in the entire property (ground, first and second floor) is available, with vacant possession, for £550,000.